The broiler production forecast is raised on recent hatchery and slaughter data. Broiler production forecasts are raised on higher expected prices and lower expected feed costs, according to USDA’s World Agricultural Supply and Demand Estimates (WASDE) report.
Broiler export forecasts are reduced slightly for both 2021 and 2022.
The report estimated 90.8 million acres of corn planted through December 2020 and is projecting 93.3 million acres for 2021. 2020 yield is 172.0 bushels per acre and 2021 is projected to be 176.3 bushels per acre.
USDA estimated 83.1 million acres of soybeans planted through December 2020 and is projecting 87.2 million acres for 2021. 2020 yield is 50.2 bushels per acre and 2021 is projected to be 50.6 bushels per acre.
The full September WASDE report can be found here.
